8250 Old York Road, Elkins Park, Pennsylvania
Property Summary
Location
8250 Old York Road
Elkins Park, Pennsylvania
Asking Price
$6,995,000
Cap Rate
7.27%
Occupancy
100%
Total Gross Leasable Area
16,250 SF
Year Built/Renovated
1985/2016
Land Area
1.55 Acres
INVESTMENT HIGHLIGHTS
Credit Anchor Tenant
100% Of GLA holds an investment grade rating
Jefferson Health: Moody’s Aa2
Citizens Bank (BBB+)
Strong Demographics
Average household income Within one mile Of the Property is 46.7% above the national average.
Insured Population Within one mile Of the Property is over 90%.
Attractive Tenant Lease Term
Citizens Bank: 10 years remaining
Jefferson Health: 8.75 years remaining
Rental Increases
The Property benefits from rental increases which occur every five years.
Strategic Location
The Property is located on the highly trafficked Old York Road (Route 611) Which dissects the densely populated,
amenity-rich Jenkintown Borough.
Daily traffic count Of over 35,000.
Property sits 13 miles North Of Philadelphia’s CBD.
EXCLUSIVE MARKETING ADVISORS
MARC MANDEL
Managing Director
484 532 4212
mmandel@hfflp.com
STEVE SCHRENK
Director
484 532 4213
sschrenk@hfflp.com
BEN APPEL
Senior Director
215 872 9903
bappel@hfllp.com
FINANCING INQUIRIES
NEIL CAMPBELL
Associate Director
ncampbell@hfllp.com
484 532 4176
Financing
HFF PHILADELPHIA, 1700 MARKET STREET, SUITE 3232, PHILADELPHIA, PA 19103, HFFLP.COM
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